Vardhman Textiles Acquires 31.2% Stake in Renew Green for ₹24.29 Crore
Vardhman Textiles Limited acquired a 31.2% stake in Renew Green (MPR Four) Private Limited for ₹24.29 Crore. This is part of setting up a 19 MW Wind Solar Hybrid Power Plant in Madhya Pradesh for captive power consumption. The total capital for the project is ₹77.86 Crore.
The acquisition is for a captive power plant, which will ensure a stable and potentially cost-effective energy supply for the company's operations. While significant, it does not represent a core business expansion that would dramatically alter the company's overall financial profile.
The acquisition of a stake in a renewable energy project is a positive development, indicating strategic investment in sustainable energy and compliance with regulations.
Vardhman Textiles Limited (VTL) has announced the approval and execution of a Share Subscription and Shareholders’ Agreement, along with a Captive Power Purchase Agreement, for the acquisition of a 31.2% stake in Renew Green (MPR Four) Private Limited. This strategic move is aimed at establishing a 19 MW AC Wind Solar Hybrid Power Plant in Ratlam, Madhya Pradesh.
The agreements were approved by the Committee of Directors (Renewable Energy) in a meeting held on April 23, 2026, and were executed on the same day. Renew Green (MPR Four) Private Limited, a Special Purpose Vehicle incorporated under the Companies Act, 2013, will operate the power plant, with the generated power to be exclusively supplied to Vardhman Textiles Limited under Captive Rules.
Vardhman Textiles Limited will contribute ₹24.29 Crore for its 31.2% stake, while Renew Green Energy Solutions Private Limited will hold the remaining 68.8% stake, contributing ₹53.57 Crore. The total capital for Renew Green (MPR Four) Private Limited is approximately ₹77.86 Crore. Vardhman Textiles Limited will not appoint any director on the board of the power producer, and no potential conflict of interest is anticipated. The acquisition is part of Vardhman Textiles Limited's compliance with regulatory requirements for captive power consumption under Indian Electricity laws.
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Vardhman Textiles Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Vardhman Textiles Limited. Read the original for the full detail.